SunCycles

Ambassador: Bernhard Walther

,

Germany

Active in Nambia

Bernhard founded SunCycles Namibia two years ago, in order to offer affordable and sustainable e-mobility and electricity via solar-powered electric bicycles. They offer micro financing to allow people to rent and then buy the bikes outright (they pay $1,200 over 24 months). However, people who need to get into the cities would usually have to spend $50 a month on taxis or buy a car for around $5,000 according to Bernhard. They are taught how to maintain it and can charge USB appliances through it. At the moment there are 25 e-bikes in use (some bought outright and some being rented). There are two volunteers who put in around five hours a week each. They have raised €776 on their crowdfunding platform and received investment of €1,000 from Volkswagen.

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The Social Return on Investment ratio for SunCycles is

SROI

1:4

Social Return on Investment (SROI) is a method of measuring impact that looks at the social benefits generated by a particular initiative. The above SROI ratio tells you how many dollars worth of social impact is generated for each dollar invested into this project. This includes benefits to the community and the environment as well financial return.

For full information on how the SROI ratio was calculated please refer to page 48 in the Impact Report 2017.